Refinancing approved by Manawa Council
The process to begin refinancing of bonds was approved by the Manawa Common Council at its Dec. 19 meeting.
The Finance and Personnel Committee recommended the council seek a lower interest rate to refinance water and waste water revenue bonds through 2023.
Final payment and certificate of completion was approved for the MCC Clark Street and Hoffmann Court project.
The project hit several snags, according to Frank Jaeger, director of Public Works for the city of Manawa.
"We have bad dirt there, so we had to replace it," he explained. Also, work crews discovered undocumented water pipes and a damaged sewer line.
City Clerk Cheryl Hass reported that 19 of 470 houses are occupied in Manawa.
"There's a lot of people in town and a lot of people are moving in," she stated.
The council was informed that internet access will now be available for meetings in the Manawa Municipal Building.
The clerk's phone bill will increase by $15 per month to allow the public internet access. A password must be obtained in the clerk's office prior to the meeting.
In other business, the council approved elections workers and special voting deputies for 2012.
Dam work
Jaeger reported that he received bids for dam work on Lake Manawa. He thought the $215,000-$275,000 estimates were too high and requested lower bids.
In order to repair the dam, the lake will need to be drawn down for two to three months, according to Jaeger.
He asked the council if they would consider keeping the lake at drawdown for a year to help kill off the weeds. This drawdown period is allowed by the permit issued by the Wisconsin Department of Natural Resources.
According to Jaeger, the city owns the dam and North American Hydro owns the turbo that generates electrical power from the dam. The 15-year contract between the two will automatically renew in 2014.
"Nobody can make any sense of the contract," Jaeger said. "It's like there is a piece missing."
He suggested the council ask the city attorney to check on the contract before the drawdown begins in early spring.
The Finance and Personnel Committee recommended the council seek a lower interest rate to refinance water and waste water revenue bonds through 2023.
Final payment and certificate of completion was approved for the MCC Clark Street and Hoffmann Court project.
The project hit several snags, according to Frank Jaeger, director of Public Works for the city of Manawa.
"We have bad dirt there, so we had to replace it," he explained. Also, work crews discovered undocumented water pipes and a damaged sewer line.
City Clerk Cheryl Hass reported that 19 of 470 houses are occupied in Manawa.
"There's a lot of people in town and a lot of people are moving in," she stated.
The council was informed that internet access will now be available for meetings in the Manawa Municipal Building.
The clerk's phone bill will increase by $15 per month to allow the public internet access. A password must be obtained in the clerk's office prior to the meeting.
In other business, the council approved elections workers and special voting deputies for 2012.
Dam work
Jaeger reported that he received bids for dam work on Lake Manawa. He thought the $215,000-$275,000 estimates were too high and requested lower bids.
In order to repair the dam, the lake will need to be drawn down for two to three months, according to Jaeger.
He asked the council if they would consider keeping the lake at drawdown for a year to help kill off the weeds. This drawdown period is allowed by the permit issued by the Wisconsin Department of Natural Resources.
According to Jaeger, the city owns the dam and North American Hydro owns the turbo that generates electrical power from the dam. The 15-year contract between the two will automatically renew in 2014.
"Nobody can make any sense of the contract," Jaeger said. "It's like there is a piece missing."
He suggested the council ask the city attorney to check on the contract before the drawdown begins in early spring.
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